Catherine Shu, TechCrunch

Catherine Shu

TechCrunch

Taiwan, Province of China

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Recent articles by Catherine:

How Grab adapted after COVID-19 hit its ride-hailing business –

The COVID-19 pandemic is taking a heavy toll on ride-hailing services, like Uber and Lyft. Grab, Southeast Asia’s largest ride-hailing company, has also been impacted, but the company has adapted by quickly transitioning many of its ride-hailing drivers to its on-demand delivery verticals and expanding services needed by customers during social distancing measures. The company […] → Read More

Gogoro unveils Eeyo, its new ebike brand –

Gogoro, the mobility company best known for its SmartScooters, revealed details about its new ebike brand Eeyo today. Eeyo will launch with two lightweight models, both powered by the SmartWheel, a self-contained hub designed by the company that integrates motors, batteries, sensors and smart connectivity technology. Eeyo is the first product that Gogoro will introduce […] → Read More

Indonesian startup Delman raises $1.6 million to help companies clean up data –

Delman, a Jakarta-based data management startup, has raised $1.6 million in seed funding. The round was led by Intudo Ventures, with participation from Prasetia Dwidharma Ventures and Qlue Performa Indonesia, and will be used to establish a research and development center and hire software engineers and data scientists. Delman was founded in 2018 by chief […] → Read More

GoBear raises $17 million to expand its consumer financial services for Asian markets –

Singapore-based fintech startup GoBear has raised $17 million from returning investors Walvis Participaties, a Dutch venture capital firm, and Aegon N.V., a life insurance and asset management provider. The funding brings GoBear’s total funding so far to $97 million, and will be used to expand its consumer financial services platform, which is available in seven […] → Read More

Benepass raises $2.4 million to help employees get the most out of their tax-advantaged benefits –

Tax-advantaged benefits, like flexible spending accounts, can save employees in the United States thousands of dollars annually, and reduce the amount of payroll taxes companies pay. But those benefits are often underutilized, simply because they can be confusing to navigate. Benepass wants to make the process easier with a mobile app that centralizes all of […] → Read More

M17 sells its online dating assets to focus on live streaming –

M17 Entertainment announced today that it has sold its online dating assets to focus on its core live-streaming business in Asia and other markets. Paktor Pte, which operates Paktor dating app and other services, was acquired by Kollective Ventures, a venture capital advisory firm. The value of the deal was undisclosed. In its announcement, Taipei-based […] → Read More

Mapbox and SoftBank form joint venture to provide mapping tech to Japanese developers –

SoftBank Corp. and Mapbox, the mapping data company that competes with Google and Here, announced that they have established a joint venture called Mapbox Japan. The JV will provide Mapbox’s mapping platform, including APIs and data services, to developers in Japan. Between June 1 and September 30, Mapbox Japan will also provide up to three […] → Read More

SoftBank reportedly plans to sell about $20 billion of its T-Mobile shares –

SoftBank Group Corp. is currently seeking buyers for about $20 billion of its shares in T-Mobile US, according to reports in the Wall Street Journal and Bloomberg. If the proposed sale goes through, its proceeds could help offset SoftBank’s heavy investment losses over the past year. According to its first-quarter earnings report yesterday, SoftBank’s Vision […] → Read More

TSMC reportedly stops taking orders from Huawei after new U.S. export controls –

Taiwanese Semiconductor Manufacturing Co., the world’s largest contract semiconductor maker, has stopped taking new orders from Huawei Technologies, one of its largest customers, according to the Nikkei Asian Review. The report said the decision was made to comply with new United States export controls, announced last Friday, that are meant to make it more difficult […] → Read More

Jack Ma to resign from SoftBank Group’s board of directors –

SoftBank Group said today that Jack Ma, co-founder of Alibaba Group, will step down from its board after serving as a director for 13 years. Ma’s resignation will be effective on June 25, the date of SoftBank Group’s annual shareholder meeting. The company did not give a reason for the resignation, but over the past […] → Read More

Singapore-based Intellect wants to lower barriers to mental health support in Asia –

Taking care of your emotional wellbeing is as important as physical health, but in Asia, the topic is often stigmatized. Intellect, a Singapore-based startup, wants to make the idea of mental health more approachable with an app that offers self-guided exercises based on cognitive behavorial therapy techniques. The company develops consumer and enterprise versions of […] → Read More

TSMC to build a $12 billion advanced semiconductor plant in Arizona with U.S. government support –

Taiwan Semiconductor Manufacturing Co., the world’s largest contract semiconductor foundry, said today that it plans to build an advanced chip foundry in Arizona with support from the state and the United States federal government. The announcement follows a Wall Street Journal report earlier this week that White House officials were in talks with TSMC and […] → Read More

Philippines-based home services platform GoodWork gets $1.6 million to expand in Southeast Asia –

GoodWork, a Philippines-based booking platform for home services, has raised a $1.6 million seed round it will use to expand into new Southeast Asian markets. The funding was led by Chaac Ventures, a firm that backs Princeton alumni (GoodWork co-founder and CEO Andrew Koger earned his bachelor of arts at the university), and includes participation […] → Read More

Singapore-based data protection startup Dathena raises $12 million Series A –

Dathena, a Singapore-based company that provides AI-based data protection and privacy solutions, announced it has raised a $12 million Series A. Part of the funding will be used to expand Dathena’s co-sell partnership with Microsoft in the United States, which is targeted to Azure Cloud and Microsoft 365 customers who need to comply with new […] → Read More

SparkLabs Global Ventures promotes Jessica Jackley, co-founder of Kiva, to general partner –

Jessica Jackley, co-founder of non-profit microlending platform Kiva, has become a general partner at SparkLabs Global Ventures. Jackley was previously a venture partner at the firm, which focuses on seed-stage investments in the United States, Asia and Europe. Jackley is also the chief impact officer at Aspiration, an online financial services firm that lets customers […] → Read More

Taiwan-based live streaming company M17 raises $26.5 million Series D led by Vertex Growth –

M17, the Taiwan-based live streaming entertainment startup, announced that it has raised a $26.5 million Series D. The round was led by Vertex Growth Fund, with participation from Stonebridge Korea Unicorn Venture Fund, Innoven Capital Singapore, Kaga Electronics and ASE Global Group. The new funding will be used for growth in Japan, one of M17’s […] → Read More

Alameda County may allow Tesla’s Fremont factory to reopen as soon as next week –

Alameda County officials announced today that Tesla can reopen as soon as next week if it implements additional safety recommendations. The statement from the Alameda County Public Health Department said that after receiving Tesla’s COVID-19 site-specific safety plan for its Fremont plant, official… → Read More

(Update: it’s back) Slack is currently fixing performance issues that prevented some users from connecting –

Update: Slack says connection issues are now fixed for everyone. Everyone should be able to connect to Slack now. Please let us know at feedback@slack.com if you have any connection trouble. Thank you for being patient with us, we appreciate it. — Slack Status (@SlackStatus) May 13, 2020 Slack is currently fixing issues that […] → Read More

Southeast Asian lending platform Validus raises $20 million for its Series B+ round –

Small- to medium-sized businesses are one of the most important parts of Southeast Asia’s economy, but many have trouble securing growth capital from traditional financial institutions. Validus wants to fix the financing gap with its peer-to-peer lending platform, which connects accredited lenders with SMEs. The Singapore-based startup announced today that it has raised $20 million […] → Read More

Biotherapeutics startup Hummingbird Bioscience brings its total Series B funding to $25 million –

Hummingbird Bioscience, a startup focused on developing new treatments for cancer and other diseases, announced today it has added $6 million to its previously announced Series B, bringing the round’s total to $25 million. The extension was led by SK Holdings, and included participation from returning investors including Heritas Capital and SEEDS Capital, the investment […] → Read More